Hydrofarm Holdings Group (NASDAQ:HYFM) Stock: Insider Mark Parker Acquires 22,099 Shares

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) President Mark Parker bought 22,099 shares of Hydrofarm Holdings Group stock in a transaction on Tuesday, October 27th. The shares were purchased at an average cost of $0.91 per share, with a total value of $20,110.09. Following the completion of the purchase, the president directly owned 40,657 shares in the company, valued at $36,997.87. This trade represents a 119.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Hydrofarm Holdings Group Price Performance

HYFM opened at $0.70 on Friday. Hydrofarm Holdings Group, Inc. has a 12 month low of $0.50 and a 12 month high of $3.20. The stock has a market cap of $3.32 million, a P/E ratio of -0.01 and a beta of 2.39. The stock’s 50 day moving average price is $0.90 and its 200 day moving average price is $1.07.

Hydrofarm Holdings Group (NASDAQ:HYFM) last issued its quarterly earnings results on Friday, August 14th. The company reported ($2.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.89) by ($1.34). Hydrofarm Holdings Group had a negative net margin of 267.20% and a negative return on equity of 500.33%. The business had revenue of $23.21 million for the quarter, compared to analyst estimates of $58.20 million.

Institutional Trading of Hydrofarm Holdings Group

An institutional investor recently bought a new position in Hydrofarm Holdings Group stock. BlackRock Inc. acquired a new stake in shares of Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 50,465 shares of the company’s stock, valued at approximately $43,000. BlackRock Inc. owned approximately 1.06% of Hydrofarm Holdings Group at the end of the most recent quarter. Institutional investors and hedge funds own 26.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Hydrofarm Holdings Group in a report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hydrofarm Holdings Group Company Profile

Hydrofarm Holdings Group, Inc (NASDAQ:HYFM) is a distributor and manufacturer of hydroponic and controlled-environment agriculture equipment and supplies. The company serves commercial and hobbyist growers, specialty retailers, and other customers involved in indoor and greenhouse cultivation, primarily in the United States and Canada.

Its product portfolio includes grow lighting, hydroponic systems, growing media, nutrients and supplements, irrigation equipment, environmental-control systems, propagation supplies, containers, pest-management products, and related cultivation accessories.